The Bitcoin community was quick to point out a $150 million penalty paid by Deutsche Bank for serving Jeffrey Epstein.
A bank is a financial organization that generates revenue by charging interest on lent capital, transaction fees and giving financial advice. The banking sphere is subject to strict governmental regulations, as it is one of the most significant agents in the financial system. Commercial banks are involved in a wide variety of activities, from personal banking and consumer finance to foreign exchange and money market trading. The World Bank is an organization with the aim of reducing poverty and helping underdeveloped countries with economic development. The World Bank Group includes five organizations, with one of them being International Bank for Reconstruction and Development (IBRD), which is often confusingly referred to as the World Bank. Modern times have reduced the barriers of global competition of banks all over the world and has made the banking sphere more and more globalized.
The Strike app hopes to encourage mass adoption of Bitcoin and the Lightning Network by connecting it directly to a bank account or debit card.10021
OKEx partners with major LATAM digital settlement network to unlock crypto purchases with three local currencies.2568
The office of the U.S. Treasury responsible for regulating banks wants to open up dialogue on fintech.1969
SBI invests $30 million in major crypto liquidity startup soon after revealing Japan’s first digital fund comprising 50% XRP.9056
European payments platform SIA partners with Quant Network to establish blockchain interoperability solutions for financial institutions.9113
Global stablecoins could provide market participants with a cost-efficient means to rebalance their capital across global markets.3777
Indian banks are reluctant to work with crypto firms, even though RBI clears the air.9303
Thai authorities are cracking down on drug networks and the methods they use to launder their profits, including cryptocurrency.1968
Three major shifts will lead to crypto and blockchain adoption worldwide, and they have already started reshaping our world.4774
The leading global central bank institution has published new research on central bank digital currencies, noting a major shift in their direction thanks to Libra as well as COVID-19.7321
China’s planned CBDC rollout is expected to see the digital yuan dovetailing with the country’s electronic payment systems.7439
The Italian Banking Association announced it would be ready to start work on a European central bank digital currency.8017
CBDCs promise to speed up existing systems but are unlikely to change the direction central banks have already been taking.2186
The Bank of Thailand launched a project to pilot test its CBDC payment system with the largest building material provider in the country.7819